30.11.2022
New restructuring protection allowance
The system of ‘additional days’ of unemployment security is being phased out, and this includes abolishing the entitlement for additional days altogether for those born in or after 1965. A new restructuring protection package is being introduced for persons aged 55 and over. The changes become law on 1 January 2023.
Restructuring protection package for persons aged 55 and over
The new restructuring protection package for persons aged 55 and over enters into force on 1 January 2023. Those eligible for restructuring protection will be entitled to- a restructuring protection allowance corresponding to one month’s salary,
- restructuring protection training for a period of up to six months, corresponding in value to a maximum of two months’ salary, and
- five extra days of re-employment leave for those whose notice period is longer than one month.
- your contract is terminated on financial and production-related grounds on or after 1 January 2023,
- you have reached the age of 55 by your termination date,
- you have been employed by the same employer for at least five years before your termination, and
- you sign up as a job-seeker with the TE Office no later than 60 days after your termination.